In the Mid-Nineteenth-Century American System of Education

question 94

Multiple Choice

In the mid-nineteenth-century American system of education,

• A)most lower-class students worked as apprentices and did not attend school.
• B)ninety-five percent of white southerners and 20 percent of the slaves could read and write.
• C)was stronger in the North than in the South.
• D)most public school teachers were men.
• E)literacy was more common in the United States than in Europe.

---

Definitions:

Cash

Money in the form of currency that can be used immediately for transactions.

General Ledger

The master set of accounts that summarizes all transactions occurring within an entity, serving as the main accounting record.

Journal Entry

A record in accounting that notes the details of a financial transaction as it happens.

Stockholders' Equity

Represents the residual interest in the assets of a corporation after deducting liabilities. It typically includes common stock, preferred stock, retained earnings, and treasury stock.